25
Nov

Hooked @ The Rail Mall

Me and hubby went to this restaurant at Upper Bukit Timah road last weekend. I made prior reservation but to my pleasant surprise, the place was not at all crowded. It’s hard to find makan place in Singapore which is not crowded, especially during weekend.

I guess there were two reasons why this place was not crowded:

1. Economy is bad.

2. The restaurant is out of the way. No MRT / Shopping centre nearby, but if I drive, location is a non-issue.

We first ordered the Grilled Scallops on the Shell. The coriander butter scallop tastes great, better that the other one, spicy lemongrass miso scallop. It costs $7.80 for four scallops.

The Fish ‘n’ Chips was delicious, comparable to Swensen’s.

I ordered Snapper on a hotplate and was a little disappointed. The fish came out too hard. Initial sip on the sauce gave a sourly and refreshing taste, but after a few more spoons, you would agree that it was too sour.

After our meal, we had to remind the waitress to serve our dessert. We ordered a glass of Chocolate Impossible. It was a typical chocolate ice-cream with cherry and cocoa crunch. The fudge was way too sweet… I liked it though ~grin~ . Of all the desserts that I’ve tried, none can ever beat North Border’s Mexican Chocolate Torte. The best dessert I’ve tried so far.

When paying at the counter, the cashier politely asked me about the food. Well, I told her the truth about how the snapper came out too hard. She said: “Next time Maam, you may inform us if you are not satisfied with the food and we will change a new one for you” and smiled.

After the excellent service recovery, I may wanna dine there again.

Ambience

Location

Price

Service

05
Nov

Our Wedding Suite Decorations

I would like to share our wedding suite decorations. It wasn’t fantastic, but with the limitations that we had, it was perfect (at least for me)! Some of my friends thought that the decorations were done by Red Rock, and guess what? They were amazed that I had actually prepared the decoration items myself, all the way from Singapore to Penang.

 

Ingredients:

1.5 - 2.0m Red Cloth (preferably satin)     

Assorted 喜喜stickers

2 pair of candles and the holders

A chain of flowers for garland

A pair of butterflies

Flower stickers

2 bottles of new nail polish

Wedding album and 2 photo frames with couple’s pre-wedding photos

Wedding Hello Kitty

Scotch tape & double-sided tape

Scissors

Lighter/matches

 

 

The Door

This was easy! Paste a sticker and hang the red cloth over the door – and it’s done! (Easy for me to say, cos’ I was not the one who climbed up to hang the red cloth and tie them up into place).

 

 

 

The Dressing Table & Curtain

Simple stickers and candles did the wonders.  

I also put our pre-wedding photo frame on the dressing table so that it didn’t look empty, plus two bottles of nail polisher. And by the way, the lady in the picture below was CL, our female photographer.

 

The curtain looked beautiful with the pair of butterflies and flower stickers.

 

 

The Bed

First of all, all wedding beds need mascots. They bring good luck. Ours were Hello Kitty and they were gifts from Susanty.  

 

 

Coincidentally, the mascots were the same as our wedding car’s. Wu ane du ho e mi kia o? (Is there such coincidence?). Perhaps Eng Hooi (the best man and the one in-charge of decorating the wedding car) got to know Susanty even before my wedding?

 

Let’s leave the mascots alone and move on to bed sheet. I can’t emphasize enough about the importance of bed sheet. It determines the mood of the room. The colour should be bright and happy to symbolize the auspicious day. This, I have to thank my mom for importing the bed sheet all the way from Jakarta. She even brought extras for ‘just in case’ – true enough, I needed extra pillow cases for two more pillows that I borrowed from my parents’ room.

 

 

On the side tables, there were pre-wedding photo album and a table-top. Head-board was decorated with a pair of candles and flowers. Stickers were pasted on the wall and bedside lamps. I especially adore the love-shape flower garland. Of all others, we took the most effort in shaping and pasting the flowers into place. The four of us were busy positioning, pasting, re-positioning and re-pasting those flowers to make the perfect heart shape. And when it was done, I had an overwhelming sense of achievement.

 

I owe it to my decorations committee and others that had helped, in one way or another, to beautify our day. 

 

This Blog is dedicated to my Decorations Committee:
Christy - needless to elaborate.
Christy’s mom - for the suggestions, like the nail polish, flowers by the head board, etc.
Eng Hooi - Wu ane du ho e mi kia o? The Hello Kitty and lots of others stuff.
Hubby - For the ‘I Love You’ candle
Louis - For climbing the chair to hang the red cloth and especially for the beautiful love-shape dried flowers on the main table (see below)
My Mom - For the bedsheets and everything else
Suryaningsih - For the decorative flowers and the hair accessories
Susanty - For ensuring that the garland was lovely shaped, for the Hello Kitty pair, for decorating the reception tables and not forgetting, for the sour drinks that bridegroom’s brothers had to bear with when they fetch the bride :)

  

 

24
Oct

Scratching My Head Bald Reading this Incomprehensible Article

While I was doing my research about taxi invoices in China, I came accross this article, which initially I thought would be quite useful for my current project. But after reading the first sentence, I started scratching my head. Can someone understand what the intern reporter is trying to say? I mean… really?

 

Management: Chengdu taxi invoices for the year to implement the machine to play

Reporters from Chengdu yesterday Shijiao Wei Taxi Management Office was informed that the people have been looking forward to playing an invoice is expected to drive a taxi in the implementation of this year. At the same time, in order to improve the taxi service quality levels in the next 14 surrounding cities and counties of the district and six City Taxi, Taxi Shijiao Wei managed by the Department for a unified supervision and guidance to the industry, its operation by the local Department of Transportation in charge of the work, Taxi operators can not cross the region.

North Korea built, this year, six more than 50% of urban taxi to the use of aircraft to fight the implementation of invoices, next year is expected to total universal. At the same time, cities and counties around the taxi area will also be carried out invoices plane hit the pilot. It is reported that voting machines to fight in the taxi meter is installed on a printer, and passengers reach their destinations after the meter shows the amount of a direct hit by an invoice. Shousi and invoices, invoices plane hit by car, not only can play dates, get off on time, the amount paid, and other entries, but also showed that number, telephone charges and prices, and other details, can effectively regulate the taxi service , To reduce the rate of passenger complaints.

It is learned that the city of Chengdu total of 11,459 taxis, of which there are six City 8215, the new capital, Pengzhou, 14, and other surrounding areas (city) County 3244. Shi Jiaowei by the Taxi Management Office to conduct unified supervision and guidance to the industry, will enable the district (city) County, the taxi service quality to a higher level.

 It is understood that this year will be the new Chengdu taxi passengers up and down 335 sites, the addition of 20,000 sets of seating, at the same time in six urban areas to improve the promotion of IC card management system and on-board GPS system. (END) (intern reporter Li Song Zheng Xu Qiao)

 

Here’s the actual article. Unfortunately, my chinese is not very good. It took some time to actually understand what the guy is trying to say.

管理:年内成都出租车发票实行机器打

记者昨日从成都市交委出租汽车管理处获悉,市民期盼已久的出租汽车机打发票有望在今年实施。同时,为了提高出租汽车服务质量水平,今后周边14区市县的出租汽车与六城区一样,由市交委出租汽车管理处统一进行行业监管和指导工作,其经营工作仍由当地交通局负责,出租汽车仍然不能跨区域经营。

    出管处处长谢朝建介绍,今年年内,六城区50%以上的出租汽车将推行使用机打发票,预计明年全部普及。同时,周边区市县的出租汽车也将开展机打发票的试点工作。据介绍,机打票就是在出租车计价器上安装一个打印机,乘客到达目的地后计价器按显示金额直接打出一张发票。与手撕发票相比,机打发票不但可以打出乘车日期、上下车时间、付费金额等条目,还可以显示车号、联系电话和收费单价等详细内容,能有效地规范出租汽车服务,降低乘客投诉率。

    据了解,目前成都全市共有出租汽车11459辆,其中六城区有8215辆,新都、彭州等周边14区(市)县有3244辆。由市交委出租汽车管理处进行统一的行业监督和指导,将使区(市)县出租车的服务质量迈上一个新的台阶。

    另据了解,今年成都还将新建出租车上下客站点335个,增补2万套座套,同时在六城区推广完善IC卡管理系统及GPS车载系统。(完)(实习生宋力记者郑许巧

15
Oct

FRIENDS - When to draw the line?

Last night I watched FRIENDS as I always do on my Star World channel everynight. It was the episode where Ross found Joey a job at the museum. The scene was during lunch time at museum’s canteen. Enjoy…

 

 

 

It was so funny!

 

Anyway, little did I expect similar thing to happen to me, during lunch time, today…

 

Just a little background on what happened few weeks ago. My colleagues -whom I considered as friends - were told off by their boss not to have lunch with the auditors. Reason being: To prevent conflict of interests.

 

First thing that crosses my mind was: Bullshit! This is a violation of human rights and freedom! Lunch time is my own free time and I can hang out with whoever I want. Second, it never even crossed my mind to talk about work during lunch time.

 

Come to think of it, conflict of interests is not the main reason. I think their boss has guilty conscience! And I think, he/she is scared that I korek it out from my lunch kakis during lunch time.

 

So today, lunch time… my so called friends walked-off to another table - just like Ross. There’s this invisible division of white coats and blue blazers between us, which I regretted.

 

What’s wrong with being an auditor? Aren’t we humans? Why are we treated so differently, just because we try to make things right? And yet, when things go wrong, we are the ones to blame, just like in the recent financial turmoil. When things go wrong, fingers are pointed at us! (I’d save this topic for another day).

 

Sometimes it’s difficult to draw a line between work and personal life… When your boss orders you to stay away from someone, you do it! Otherwise, you may jeopardise your promotions, increments, bonunes, training opportunities, etc. But it’s a bit tricky when your boss orders you to stay away from someone, after working hours (or during lunch time, for that matter)!

 

For me, it definitely crossed the line.

05
Oct

Our Female Photographer

During my make-up session on our busiest day, that was the first time I met her. She was busy snapping pictures of us. I thought “She must be Kelvin’s friend”. We exchanged smiles.

 

 

 

 

 

 

 

I didn’t have a chance to talk to her because of the make-up in progress. And I was hungry - haven’t eaten my lunch. So did she…

Time was running out. Back at the hotel, we were rushing… My bridesmaid and sister-in-law were still at Aspial (Bridal House). No one was in the bridal suite… except her. She helped me get dressed, fixed my messy hair, get my shoes from the luggage and most importantly, calmed me down.

I called for back-up.

Back-up came… and groom arrived shortly after.

Off we go to the outdoor photoshoot.

She faithfully followed us despite the hot weather.

The day went on smoothly.

Thank you CL for your help… and your photos…

 

PS: The above photos were taken by CL, extracted from http://www.chlise.com/weddings/kelvinmei/

 Also check Kelvin’s blog, my YouTube and Perfect Moments’ gallery.

 

02
Jan

2007 at a Glance

Year 2007 was definitely not a fantastic year for me, neither was it a bad year. It was a special year for me. It was a year where I learned how people’s priorities differ greatly from mine; a year where relationships either developed further and more meaningful, or crushed down the drain like they are worthless piece of garbage. It was a year where I took baby steps in doing things that I had never done before, failed, and tried again, still failed.

   

 

Work

I started the year working my ass off for my company for a meagre monthly salary. There were times when I got so stressful that I couldn’t sleep thinking about unfinished jobs and tight deadlines. There were nightmares! Then, with the support of my boyfriend, I started loosen up and learned to let go these unhealthy stress. I felt sorry for Ms May Leong, a HP employee who died on 21 April 2007 after sitting 8 straight hours in front of her laptop. She was only 28 years old. I’m sure she has had plans for her future and what she wanted to do with her life. She reminds me that life is vulnerable and there are things in life worth more than money.

    

 

Just a few days back, I was asked to attend 3 days of stocktaking at one of our retail clients. Stocktake will be conducted at night and I’ve got other jobs scheduled directly after stocktake in the morning. To be frank, I am awfully interested to attend the stocktake, but I rejected it. I understand due to lack of manpower, someone has got to do it, and that someone ain’t gonna be me. If my work is going to jeopardize my health, I’ll think thrice. It’s different from doctors who act selflessly by caring for patients in times of SARS, it’s…. a stocktake.

   

 

Friends

During the second quarter of 2007, things turned from bad to worst when we faced problems at Dover home. One of my friends seen quoted “Money or harmony?” on her MSN. I am unsure to whom this question was directed.  She was either finding the answers from her inner self or she was asking us to make a choice, either way is equally appalling. For me, the answer is obvious. Money never guarantees happiness, money never guarantees harmony. The mere mentions of money have ruined many relationships, friends to foes, brothers to enemies. The word ‘money’ should be used tactfully and cautiously.

   

 

Many times I have hold back my unhappiness and dissatisfactions to maintain friendships just to feel disappointed because others do not treasure them as much as I did. That’s when I learned that people have different priorities in life, while some value money more than anything; others gave up all sorts of material indulgences to achieve something greater. Take Mother Theresa for example. She resisted the temptation to return to the comfort of her convent days and ventured out to the slums to help the poor and needy.  “I heard the call to give up all and follow Christ into the slums to serve Him among the poorest of the poor” she said.

   

 

Do I want to risk my relationships for a few dollars of gain? I used to say yes. I used to be petty of the dollars and cents and bully the minority. “Penny wise pound foolish”, as what Phillip Woo would say. I guess many of us are. We don’t mind spending thousands of dollars to buy that new laptop, the latest Prada handbag or a piano for that matters. But we seemingly have trouble affording a few dollars of harmony money. Hopefully, it’s not too late for me to apologize to those friends that I have hurt before, whether intentionally or unintentionally.

   

 

Loved Ones

Enough of bad things in 2007! Hua…ha…ha…ha… Anny was right. He brought me to a candle light dinner at Capella and popped the question. We will be quite occupied with our new home this year. Hopefully this coming peak doesn’t take much of my time with my loved ones.

   

 

I’d love to share Brian Dyson’s (CEO of Coca Cola Enterprises) advice:

Don’t take for granted the things closest to your hear. Cling to them as you would your life, for without them, life is meaningless.

   

 

Things closest to my heart are my family. I miss my family a lot, I miss hearing Hakka language being spoken in daily conversations, I miss home cooking, I miss my naughty nephew, Samuel. I was fortunate to go back to Jakarta twice in 2007, once during Chinese New Year and recently in Nov’07.

   

 

 

2008, here I come. I look forward to lots of things in 2008, a family gathering for auspicious events this coming February, renovating our first love nest, promotion (hopefully), and then the Big Day!

 

03
Jun

Rest In Peace, Chrisye

When I heard that Chrisye passed away a few months ago, I felt nothing. He was just a talented musician and he was just one of many people who passed away that day. But now, as I am sitting in front of my PC, listening to his songs… I couldn’t hold back my tears. His songs accompanied me through my childhood, so calming and peaceful. Good bye Chrisye, may you rest in peace.

Kisah Cintaku

By Chrisye

Dimalam yang sunyi ini
Aku sendiri tiada yang menemani
Akhirnya kusadari dia telah pergi
Tinggalkan diriku
Adakah semua kan terulang
Kisah cintaku yang seperti dulu
Hanya dirimu yang kucinta dan kukenang
Didalam hatiku takkan pernah hilang
Bayangan dirimu untuk selamanya
*    Mengapa terjadi kepada dirimu
      Aku tak percaya kau telah tiada
      Haruskah kupergi tinggalkan dunia
      Agar aku dapat berjumpa denganmu

The chorus above felt so real…

04
May

The Little Red Dot

Once I told my boyfriend that I am willing to settle for less, here in Singapore. In Jakarta, I can afford a car, stay in a landed property with maids to serve my needs, while here… I am my own maid. I do everything from ironing clothes to cleaning the toilet. Please don’t get me wrong, I am not complaining for being an independent individual – though I have to admit that it would be delightful to be pampered once in a while – I am just painting a picture of how my life is in Singapore.

 

Everyday is a routine, waking up early each morning for a job that takes more than my 50 hours a week and coming home to an apartment that vibrates when my upper neighbour’s kids screams. The most frustrating thing is when you are tired after work, wanting to hail a cab home but then you waited for an hour before finally a willing cab driver stops in front of you. Nobody hails cabs nowadays; people call cabs or book in advance.

 

In Jakarta, I can choose to drive or take public transportations, a luxury that I can’t afford in Singapore, yet. Buying a car in Singapore costs a fortune, mainly because of the COE (Certificate of Entitlement) that costs almost as high as the price of the car itself. Of course there are affordable chinese cars around, but sometimes I wonder if having a car in Singapore would mean extra convenience. This is because land is scarce and by the time you manage to find a parking lot, you soon realize that you still need to walk a distance to your intended destination. And every time I took cab after work, there were always unavoidable traffic jams in AYE or PIE. But of course, jams in Singapore are nothing compare to jams in Jakarta. I remember when I drove there, the journey home that usually takes no more than 20 minutes became 2 hours in a traffic jam.

 

When I went back to Jakarta few months ago, a friend of mine took me for a ride on Transjakarta busway. I was thrilled! It was the first time I took the ride since it was in operation few years ago. It costs Rp3.500,- (less than 60 cents) regardless of distance. So we bought the tickets and waited inside the bus shelter with dozens of other passengers heading home after work. Having used to Singapore’s transportation system, I can’t help myself from comparing.

 

One_door_bus

   

First of all, there is no proper queuing system. People were packed inside the shelter like trapped sardines and the only way out, was that single door that opens every time a bus come. It was so crowded that I could smell the sweat of people surrounding me. My feet were forced to move not because I wanted to, but because people were pushing from behind.

   

 

Secondly, there is only one door to get into and out of the bus, unlike Singapore’s buses which have at least two doors to allow passengers to board and alight with ease. Furthermore, although the door opens/closes automatically by using sensors, they employ an additional conductor to make sure that the bus is not overcrowded during rush hours. That’s inefficiency!

   

 

Singapore’s public transportation system (excluding cabs, mind you, I have prejudice against cab driver) is excellent, even Neil Humphrey, a TODAY columnist, has commended it many times. MRT is the best way to travel if you want to avoid traffic jams. SBS Transit even has the technology to let passengers know the waiting time of a particular bus number by using sms. Bus lanes are really meant for buses even without the road divider. Unlike in Jakarta, the governor installs road dividers for the buses, but still some stubborn people drive on the bus lanes.

 

I love Singapore for one reason called security. In Jakarta, most people hide in their vehicle because they know that it is unsafe to walk on street like any other normal people. Even when I was on Transjakarta Bus, I automatically turned on all my internal security sensors to make sure that no pick pockets or perverts touches my stuff. Once I was pushed out of a bus in Jakarta by a man who forcefully snatched my Swatch – a gift from my brother – and then I cried. I was 14. Same goes to Malaysia. I could never forget the disgusting chinese Malaysian old pervert who groped my butt 6 am in the morning when I was on my way to school.

 

Come to think of it, I am not settling for less after all. In fact I am settling for more, because this little red dot provides me with a sense of security worth more than any landed properties and any cars combined together. It’s priceless.

 

30
Mar

What Credit Card Companies Don’t Want You to Know

by David Bach

Of all the games the credit card companies play that end up costing you thousands of dollars (late fees, over-limit fees, transfer fees, and so on), it’s always been the interest rate game that hurt the most — until now.

There’s a new, completely legal game they’re playing, and it can literally wipe you out financially if you’re not careful.

The Universal Default Clause

If you own a credit card, you know by now that if you’re late with a payment the credit card company will charge you a late fee in addition to raising your interest rate. But did you know that they can raise your interest rate if you’ve made a late payment on any of your other cards, including those issued by other companies?

Not only that, but your interest rates can skyrocket to 30 percent or more if you make a late payment on your car loan, mortgage, or even your phone bill!

“How can that be legal?” you may ask. The answer is found in the fine print of your credit card agreement, and it’s called a universal default clause. According to the Institute of Consumer Financial Education, currently almost 40 percent of credit card issuers apply this policy to their customers.

A Late Payment ‘Trigger’

Generally, a universal default clause states that a creditor reserves the right to penalize you with an increased interest rate if you’re late — that is, in default — of a payment to any other creditor. They justify this practice because, in theory, if you pay any of your creditors late, you pose a greater credit risk and are less likely to pay your debt.

Your creditors also have the right to routinely monitor your credit file. So a creditor with a universal default clause will be watching — and waiting.

Let’s say your Visa card has a universal default clause. Any late payment — whether it’s on your utility bill or home equity loan — acts as a “default trigger” allowing the bank that issued the Visa card to double or even triple your interest rate overnight. Your all-important credit score will be hurt as well.

According to a study by the nonprofit advocacy and education group Consumer Action, the top three default triggers that cause your interest rates to spike are a decline in credit score, paying your mortgage late, and paying your car loan late.

Other Triggers to Worry About

Under the universal default clause, your interest rates can be increased for several other reasons, including exceeding your credit limit, bouncing a check, having too much debt, having too much credit, getting a new credit card, applying for a car loan, and applying for a mortgage loan.

How does this affect your financial future? Take a look at the numbers. Let’s say you’re an average person, with $8,000 of credit card debt. Assuming you make no additional purchases on your card, you have a 9 percent interest rate, and you make the minimum monthly payment, it’ll take you 218 months (18 years) to pay off your debt and you’ll end up paying $3,334 in interest.

Now let’s assume that for whatever reason you were late one month with your car payment. This late payment triggers the universal default clause with your credit card issuer, and now your penalty rate gets increased to 24 percent (the average default rate in 2005). It’ll now take you 679 months (56 years) to pay off your credit card debt, and get this — you’ll pay $30,813 in interest.

Staying Ahead of the Clause

Here are six ways to protect yourself from interest rate hike triggers:

1. Stay away from credit cards with a universal default clause.

If you’re looking to open a new credit card account, be sure to choose one without a universal default clause. This means you have to truly read the fine print. If you’re confused by the fine print (as many are), call the credit card company and ask what specific circumstances will affect your interest rate.

Sites like CardWeb.com, Bankrate.com, and LowerMyBills.com let you compare credit card offers, so visit them before you apply.

2. Know your current obligations.

Check your current statements and credit card agreements to find out your current interest rates, and to identify which cards have a universal default clause that you weren’t aware of until now. Again, if you’re uncertain after reading the fine print, call your credit card company.

Consider transferring your balance from a card that has the universal default clause to one of your cards that doesn’t. But don’t rush to cancel the card altogether, because it could have a negative effect on your credit score.

3. Run your credit report.

Not only do you need to know exactly what your current interest rates are, you also need to know exactly what’s on your credit report. Visit Freecreditreport.com or myFICO to order your credit report and credit score today.

4. Pay your bills on time.

According to the American Bankers Association, late payments for most types of consumer loans were on the rise during the third quarter of 2006. If you’re having trouble with your credit card payments, at the very least strive to make your minimum payment on time.

5. Be proactive — call your lender for relief.

If you’re struggling to make monthly payments on your other bills, like utilities, car payments, or mortgage payments, call your lender to see what options they might be able to offer you. They might be able to adjust your monthly payments so that they’re more manageable.

Your goal is to protect your credit report and credit score with a consistent record of on-time payments.

A Good Night’s Sleep

Obviously, what you don’t know really can hurt you. Check today and see if you have the universal default clause on your credit cards.

If you do, be careful to stay on top of your debt. Better yet, find a credit card that doesn’t have the clause — you’ll sleep better at night.

 

13
Feb

GST Increase to 7%

Just a quick comparison on GST rates among countries.

UK                       17.5%

New Zealand        12.5%

Indonesia                10%

Singapore                 5%

HK                          5% (Proposed just last year in 2006)

Singapore’s GST is one of the lowest among these countries, but understandably many are skeptical about the impact of GST increase to 7%. Their worries are not irrational. Increase in GST would mean increase in cost of living, which may not be proportionate with the increase in GST. For example, the increase of 10 cents from 90 cents for a cup of coffee is more than 2% of increase in GST. The impact would be even much greater for the low income earners and retired elderly.

 

The government argues that the increase in GST would benefit the lower income earners and elderly. For this statement to be true, we would need to listen to what Tharman Shanmugaratnam has to say this Thursday on the offsetting package.

   

We would expect an increase in employer’s CPF contribution rate. This means while cost of living and gross salary increase, savings from our take home pay would be lesser. This is in tandem with government’s aim to make sure that we have enough savings in our CPF account when we are older, especially taking into account Singapore’s greying population.

 

On the other hand, companies may expect a lower corporate tax rate to compensate for increase in salary and other related costs. SMEs are the most pitiable. Their revenue may not be high enough to qualify as GST registered trader, therefore they could not claim GST input refund and have to absorb it as their cost. So either they charge higher selling price or suffer lower profit margin. This is worsened by the increase in employer’s CPF contribution. To solve this problem, SMEs may choose to apply for voluntary GST registration, however, this need to be evaluated carefully against the cost of compliance with GST Act.

 

Companies with mainly local purchases and export sales would naturally go against the increase. However, since most raw materials are imported from overseas which would have already been subjected to GST upon entering Singapore, increase in GST would not have great impact on these companies.

Before announcing the increase in GST, I believe the government has already considered the following issues:

  1. Timing

It’s always better to increase taxes when economy is good. STI has broken a record high recently, property prices soar as high as $2000 per square feet and people are queuing outside LV shop in Takashimaya. Even I am convinced that economy is good!

  1. Tax on foreigners

GST is one good method to tax foreigners. With the casino and IR coming to town, Singapore will have more and more tourists and businessmen. These people will most likely spend on services which do not qualify for GST Refund. (Trust me, even though they buy tangible goods, they wouldn’t know how to claim GST Refund. It’s too cumbersome! You need to get the blue form thingy from the retailers and you only found out about it in the airport when your plane is departing in one hour’s time).

  1. Tax evasion

GST is paid on consumption regardless of income, so it is less worth it for the rich guy and highly profitable company to evade tax.

I am looking forward to what Singapore government has to offer to their countrymen. I believe it would be a pleasant surprise as Singapore has always been generous to its people.